27 April 2012
Many people will see increased pension contributions deducted from their salary, the first phase in the proposed three-year series of increases, with further increases expected in April 2013 and April 2014.
The national action on 10 May being taken by PCS with other public sector unions is a crucial part of our ongoing programme of action to force the government into meaningful negotiation on the key issues in the dispute:
• Working years longer
• Paying much more
• Getting considerably less in retirement.
Some people will see little difference this month in their pay because of the personal allowance increase. Someone who is below the 40% tax threshold which has now been lowered again this year at the same time as the personal tax allowance has gone up will not see the effect of the pension deduction in the same way as someone say who is above the 40% threshold. But as this is the first phase of a proposed three-year series of increases the majority of public sector workers are likely to be significantly and adversely affected in the coming years.
Reps have been asked to organise a day of protest highlighting the Great Pensions Robbery.
Write to your MP to ask for their support to reopen the negotiations on pensions.
Use and share the PCS pensions calculator to see how much you and your colleagues will lose.
Take our new 'Stop the great pensions robbery' survey.